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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 19 Jul 2019, 8:51 AM

 

Technical Buy - TECHBND (5289)

Author:   |    Publish date:


  • Target Price: RM0.760, RM0.795
  • Last closing priceRM0.715
  • Potential return6.2%, 11.1%
  • Support: RM0.690
  • Stop Loss: RM0.655

Possible for upside. TECHBND is showing initial signs of recovery from its downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.760 be broken, it may continue to lift price higher to subsequent resistance level of RM0.795.

However, failure to hold on to support level of RM0.690 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 18 Jun 2019

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Labels: TECHBND

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Chart Stock Name Last Change Volume 
TECHBND 0.805 +0.005 (0.63%) 133,100 

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